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A story about Partnership shares

Digital Ice-Cream

Three friends, one van, real ice cream paid for in digital cash, and a token called $ICECREAM. Every cone splits the money fairly. Nobody runs off with the freezer.

Two scoops, split three ways!

The story, in eight scoops

How a stall becomes a partnership, and a partnership one day becomes a company.

Let’s sell ice cream! FredJoe
1Meet Fred, Joe and You.Three friends. One dream. Ice cream.
$ICECREAM Fred 30% Joe 30% You 40% drives the van
2They make a token: $ICECREAM.Fred 30, Joe 30, You 40. You drive the van and put in more, so you hold more.
30%30%40%10%
3Every cone splits itself.Each sale pays out 30/30/40 (then 27/27/36/10 when Max joins), straight into each friend’s wallet. No spreadsheet. No arguments.
3 keys to open FredJoeYou
4Locked together.Their shares are locked, so nobody can sell without the others agreeing. Three keys, one lock.
Freezers fixed. Can I join? +10 Fred 27 · Joe 27You 36 · Max 10
5Max fixes the freezers.Everyone agrees Max should join for 10%. The others scale down a little, and the split updates itself.
Partners · $ICECREAM · private Draft agreement ready.Max joins with 10%,everyone scales a bit. OK? Fred ✓ signed Joe ✓ signed You ✓ signed Max ✓ signed
6b keeps the peace.b sits in their private partners’ chat, drafts the agreement and helps them agree. Each partner signs with their own wallet.
SOLD OUT!
7Business booms.More vans, more flavours, more cones. Every sale still splits itself, to the penny.
DIGITAL ICE-CREAM INC. 1 token = 1 share IPO?
8One day: Digital Ice-Cream Inc.They incorporate. Partnership shares convert 1:1 into company shares. Private placements bring in backers. Maybe, one day, a regulated IPO.

The recipe, in three scoops

Split

The token says who owns what. Money in splits by holding, automatically.

Lock

Partnership shares stay locked until the partners agree to move them.

Agree

b drafts the paperwork in your partners’ chat. Everyone signs with their own wallet.

How Partnership shares work → Get bWalletX

Partnership shares are for partners, never sold to the public. Until you incorporate you’re a partnership: profits are shared and each partner is personally liable. b drafts, you decide — b isn’t a lawyer.

bWalletX is in beta: test with small amounts. Questions: support@bwalletx.com